Thursday, June 9, 2011

2 comments:

Goli
said...

We should definitely try to follow the trend as that is risk free way of working but at the same time as you mention using Stop Loss or Take Profits is necessary or else the good chance or trade is going to be wasted. Some people fear using SL since many scam brokers use it as a trick to manipulate and get it hit but since I am trading with honest company OctaFX, I keep SL on as they are a true ECN broker.

I am the kind of trader who likes to lace my trades while travelling. I have found it extremely difficult to keep a track of all the open positions and my orders while I was on the go. FXB Trading has made my wish come true and now I am able to trade and travel, too. The mobile apps available on this website have given me all the real time data that I needed badly to stay in touch with the current status in the market.

"When i trade at home, I often watch the sparrows in my garden. When I feed them bread, they take just a little piece at a time and fly away.They keep on flying back and forth, taking small bits of bread. You will never be able to shoot a sparrow, it is just too fast. That is the way I day trade". M. Weinstein.

"Μηδείς αγεωμέτρητος εισίτω μοι την θύραν". Plato

"Toute lucidité est la conscience d'une perte". E. Cioran

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There is nothing to sell on this blog. No signals, no "systems" for sale. Just my trading plan and the recording of my trades on eur/usd and the fx euro future recently. And the books, the music, the films I like.

The Forexbird is a professional currency trader. He is also photographer and engineer, a maths and music addict and curious about everything.

Short entry on the rush this one, a very dangerous one. I didn't enter at the 70 level break, then i was running after the price. Entry...

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Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The author is not liable for any loss or damage which may arise directly or indirectly from the content of this website.